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Labor’s tax reform problem is a lack of lower taxing principle

Labor’s tax reform problem is a lack of lower taxing principle

Consultations to work out anomalies may go some way to adjusting for unintended consequences, yet won’t address the fundamental flaw with the...

latest 0

Financial Review

The Afr View

Labor is trashing the CGT discount it supported in 1999

Labor is trashing the CGT discount it supported in 1999

Paul Keating and the government are pushing an investment penalty that will punish young people trying to build wealth, rather than solve housing...

latest 0

Financial Review

Peter Costello

Bohemians and global elites: the mystery of Arsenal’s special appeal

Bohemians and global elites: the mystery of Arsenal’s special appeal

Jubilant fans include Keir Starmer, not one but two east African heads of state, New York mayor Zohran Mamdani and more celebrities than it is...

yesterday 8

Financial Review

Janan Ganesh

When shareholder activism fails: Why the Lendlease trade came unstuck

When shareholder activism fails: Why the Lendlease trade came unstuck

The bleed of Lendlease lured some of Australia’s most outspoken shareholder activists to its register. Their solution is turning into a problem.

yesterday 8

Financial Review

Jonathan Shapiro

Bombshell report shows Westpac is failing to learn from past mistakes

Bombshell report shows Westpac is failing to learn from past mistakes

Which Westpac division is suffering from gaps in controls, high levels of breaches of credit approval limits, banker churn, and poor monitoring of...

yesterday 9

Financial Review

Joyce Moullakis

Don Russell is right about independent boards torching shareholder’s money

Don Russell is right about independent boards torching shareholder’s money

If the governance establishment is serious about value creation rather than governance box-ticking, it should follow the evidence rather than the...

yesterday 10

Financial Review

Dimitri Burshtein

Fraudster’s scheme exposes holes in ASIC regulatory net

Fraudster’s scheme exposes holes in ASIC regulatory net

Linden Toll, who wiped out $50 million belonging to more than 100 investors, will be able to return to the corporate world as a director this year.

yesterday 8

Financial Review

Tony Boyd

China wants robots to save the economy. That might be the problem

China wants robots to save the economy. That might be the problem

Technological revolutions have a habit of producing second-order consequences that even the best planners can struggle to anticipate.

yesterday 6

Financial Review

Anjali Nadaradjane

Budget has also broken the teals’ integrity election promise

Budget has also broken the teals’ integrity election promise

The independents promised voters to hold governments to account. That independence looks a bit thin and increasingly hollow.

yesterday 6

Financial Review

Claire Chandler

Budget sends wrong signal on business ambition

Budget sends wrong signal on business ambition

Labor is treating founders not as partners in national prosperity, but simply reservoirs of revenue whose success is viewed with suspicion.

friday 10

Financial Review

Constantine Frantzeskos

Labor’s tax changes expose an outdated idea of aspiration

Labor’s tax changes expose an outdated idea of aspiration

The government underestimated just how many young Australians have turned to shares and other assets besides housing as a way to achieve their...

friday 10

Financial Review

The Afr View

Inside KKR, CBA’s $5b-plus push to sell Colonial First State

Inside KKR, CBA’s $5b-plus push to sell Colonial First State

Indicative bids for the group, which houses and administers about $177 billion, are largely in and the process now enters a period of detailed due...

friday 10

Financial Review

Joyce Moullakis

Labor’s tax plan is a drive-by shooting on our prosperity

Labor’s tax plan is a drive-by shooting on our prosperity

The main fairness issue with this budget is borrowing $267 billion over the next four years, robbing future taxpayers to buy votes in the present.

friday 10

Financial Review

Christopher Joye

The budget punishes people for trying to get ahead

The budget punishes people for trying to get ahead

The backlash has come from the very Australians whom the budget’s “intergenerational equity” tax slug is supposed to help.

friday 10

Financial Review

Michael Stutchbury

Labor thought voters would buy this budget. They’re not

Labor thought voters would buy this budget. They’re not

The negative reaction to Jim Chalmers’ budget is increasing in intensity and scope. The notion of death taxes threatens to be politically fatal....

friday 10

Financial Review

Jennifer Hewett

This budget could get stuck between the Greens and a hard place

This budget could get stuck between the Greens and a hard place

Their starting point is there should be no CGT discount at all and nothing should be grandfathered. They won’t get that, but they are pushing for...

friday 10

Financial Review

Phillip Coorey

Universities lost their social licence. Now they’re losing control

Universities lost their social licence. Now they’re losing control

The regulator’s involvement in the ANU leadership saga raises serious concerns about institutional autonomy and government encroachment in...

21.05.2026 10

Financial Review

The Afr View

India’s looming iron ore challenge has Australian miners dreaming

India’s looming iron ore challenge has Australian miners dreaming

The mining industry has always been told its 20-year China miracle won’t repeat in the subcontinent. But suddenly, a big steel maker wants iron ore...

21.05.2026 10

Financial Review

Peter Ker

This migrant thinks only citizens should get government jobs

This migrant thinks only citizens should get government jobs

Denying immigrants welfare would entrench an underclass. The better way is creating a tangible opportunity for people to want to become Australian...

21.05.2026 8

Financial Review

Chetna Mahadik

Hidden flaw in Labor’s CGT change may push tax on shares to 60pc

Hidden flaw in Labor’s CGT change may push tax on shares to 60pc

A diversified portfolio of shares will likely fare much worse than housing due to a little-understood feature of the pre-1999 rules that the system is...

21.05.2026 10

Financial Review

Geoff Francis

Fortescue’s disruption not a positive for Native Title

Fortescue’s disruption not a positive for Native Title

The Yindjibarndi case boosts the case for law reform to establish minimum standards in agreements between developers and Indigenous communities.

21.05.2026 5

Financial Review

Paul Cleary

Chalmers should sell Australia’s $18b gold stockpile

Chalmers should sell Australia’s $18b gold stockpile

Australian taxpayers have $18 billion of the metal sitting in vaults. With budget deficits baked in for years to come, it’s time to sell the...

21.05.2026 10

Financial Review

Peter Ker

Flat 30pc capital gains carve out fair for founders

Flat 30pc capital gains carve out fair for founders

This tax rate still represents a 6.5 per cent increase over the previous regime, but it has the symmetry of using the government’s own new minimum...

21.05.2026 10

Financial Review

Adir Shiffman

Invasion of ‘lower-value human’ snatchers only part of the AI challenge

Invasion of ‘lower-value human’ snatchers only part of the AI challenge

The transfer of wealth to global AI companies is the kind of generational question the budget might have considered, given what’s at stake for the...

20.05.2026 10

Financial Review

The Afr View

Footy club feedback keeps flame burning on gas tax

Footy club feedback keeps flame burning on gas tax

SA Premier Peter Malinauskas concedes the public mood to increase taxes on the gas industry is cutting through. No wonder producers are feeling...

20.05.2026 10

Financial Review

Jennifer Hewett

Chalmers’ ‘responsible’ budget has $265b of deficits our kids will inherit

Chalmers’ ‘responsible’ budget has $265b of deficits our kids will inherit

Deficits do matter because the higher government spending and rising debt in good economic times reduces the government’s flexibility to respond to...

20.05.2026 10

Financial Review

John Kehoe

Questions remain about lack of transparency in government FOIs

Questions remain about lack of transparency in government FOIs

An official audit of three government departments shows the very system designed to impose transparency on government, is itself opaque.

20.05.2026 10

Financial Review

Ronald Mizen

America’s ailing one-trick pony is on show in Iran

America’s ailing one-trick pony is on show in Iran

Decades before Operation Epic Fury, America picked up the habit of confusing its military superiority with an ability to impose its will on faraway...

20.05.2026 10

Financial Review

Edward Luce

The oil shock is morphing into a global bond crisis

The oil shock is morphing into a global bond crisis

The world’s financial system is now hostage to Donald Trump’s mood swings – with no easy way out.

20.05.2026 10

Financial Review

Ambrose Evans-Pritchard

‘Taken out and shot’: AusSuper chair says super test distorts investment

‘Taken out and shot’: AusSuper chair says super test distorts investment

Heavy penalties for missing the benchmark are forcing asset managers to pull back from active strategies, risking macroeconomic consequences.

20.05.2026 9

Financial Review

Don Russell

A 30pc CGT rate on entrepreneurs? Here’s the escape hatch

A 30pc CGT rate on entrepreneurs? Here’s the escape hatch

If there’s scope to claim concessional tax treatment on the sale of a $10 million business, then that could offset the discouraging effect of...

20.05.2026 10

Financial Review

Nicole sammel

Beware the growing gap between AI’s promise and enterprise reality

Beware the growing gap between AI’s promise and enterprise reality

Boards must build artificial intelligence literacy and internal capability through hands-on experience, including failed experiments, or risk being...

19.05.2026 20

Financial Review

Dorian gaertner

How to govern culture in a complex world

How to govern culture in a complex world

The past decade has offered hard lessons for directors. At issue is how boards have effective oversight in an increasingly complicated operating...

19.05.2026 10

Financial Review

Mark Rigotti

Gas producers all fired up over domestic reservation

Gas producers all fired up over domestic reservation

The industry is alarmed about the prospect of the Albanese government forcing the big LNG players to sell 20 per cent of exports into the Australian...

19.05.2026 20

Financial Review

Jennifer Hewett

Labor’s bigger taxing budget creates losers and no winners

Labor’s bigger taxing budget creates losers and no winners

Had Labor run an open, transparent and consultative tax reform process, these issues would have been uncovered before being announced as policy.

19.05.2026 10

Financial Review

The Afr View

Dear founders, the government now wants half your start-up

Dear founders, the government now wants half your start-up

Capital is mobile and lifting capital gains tax to the highest level in the world will kill local productivity, innovation and jobs.

19.05.2026 10

Financial Review

Leigh Jasper

WA miners are already decarbonising. Just not how the critics think

WA miners are already decarbonising. Just not how the critics think

The sector is helping develop and commercialise cleaner technology itself, in one of the most demanding operating environments anywhere in the world.

19.05.2026 10

Financial Review

Aaron Morey

PM doesn’t get life and deaths stakes in Labor’s trust tax

PM doesn’t get life and deaths stakes in Labor’s trust tax

The flexibility characterised as some kind of aggressive tax is, in reality, the mechanism that allows wills to function sensibly across generations...

19.05.2026 20

Financial Review

Christine fleer

Did Chalmers take women economists’ advice on the budget?

Did Chalmers take women economists’ advice on the budget?

One way to assess the budget is to look at how it stacks up against what three leading female economic experts called for in the week before it was...

19.05.2026 20

Financial Review

Melissa Bray

‘Our new 47pc business partner’: Entrepreneurs turn on Albanese

‘Our new 47pc business partner’: Entrepreneurs turn on Albanese

The Albanese government risks starving entrepreneurs of the fruits of their labour and society of the very enterprises needed to build our future...

18.05.2026 30

Financial Review

The Afr View

‘Chalmernomics’ budget sliced up but didn’t grow the pie

‘Chalmernomics’ budget sliced up but didn’t grow the pie

Tax-and-redistributive politics cannot fix a productivity crisis; it merely distracts from it.

18.05.2026 10

Financial Review

Stephen Anthony

US takeover of Aussie rare earths minnow part of global tussle

US takeover of Aussie rare earths minnow part of global tussle

Australian Strategic Materials is a weapon in America’s effort to avoid China’s stranglehold on rare earths processing and magnet making.

18.05.2026 20

Financial Review

Jennifer Hewett

Hawke government fixed budget on spending and revenue sides in 1980s

Hawke government fixed budget on spending and revenue sides in 1980s

Fiscal repair 40 years ago included two components restored by Labor in the 2026 budget: inflation adjustment for CGT and restrictions on negative...

18.05.2026 10

Financial Review

David Morgan

It’s Chalmers who needs reminding that tax cuts demand fiscal restraint

It’s Chalmers who needs reminding that tax cuts demand fiscal restraint

Australia’s last two examples of comprehensive tax reform show that fiscal discipline is an unavoidable precondition for governments lowering taxes.

18.05.2026 10

Financial Review

The Afr View

Local boards must shed the M&A curse before more value is torched

Local boards must shed the M&A curse before more value is torched

As we’ve seen at CSL and Orora, large-scale deals are fraught with risk and too often become value-destroying to the tune of billions of dollars.

18.05.2026 10

Financial Review

Joyce Moullakis

Chalmers’ CGT contradiction: We can’t tax our way to start-up innovation

Chalmers’ CGT contradiction: We can’t tax our way to start-up innovation

You do not build nationally significant companies by making risk less rewarding. Private capital must be treated as an enabler, not a convenient...

18.05.2026 10

Financial Review

Steve baxter

From dirt to data: Should investors back the Bobcat billionaire?

From dirt to data: Should investors back the Bobcat billionaire?

Wes Maas built a construction empire in the country from scratch. Now his sudden and aggressive change in strategy has investors in two minds.

17.05.2026 20

Financial Review

Jonathan Shapiro

If Labor wants trusts to die, let them die with dignity

If Labor wants trusts to die, let them die with dignity

The government has chosen the worst of both worlds: impose a corporate-style minimum tax while denying trusts access to a genuine corporate tax...

17.05.2026 10

Financial Review

Alexis kokkinos

Labor’s capital gains tax overhaul stifles business investment

Labor’s capital gains tax overhaul stifles business investment

The new rules punish domestic investors and starve businesses of necessary funding. Ultimately, the entire economy will pay the price.

17.05.2026 10

Financial Review

Nathan cahill

Chalmers should shelve WATO and copy Taylor’s bracket creep plan

Chalmers should shelve WATO and copy Taylor’s bracket creep plan

The treasurer has the chance to stand on the shoulders of giants like Paul Keating, but keeps squandering that opportunity.

17.05.2026 10

Financial Review

Richard Holden